2020 Q2 Form 10-K Financial Statement

#000159678320000155 Filed on August 31, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $947.6M $725.7M $617.5M
YoY Change 30.58% 5.9% -1.66%
Cost Of Revenue $613.0M $469.2M $418.8M
YoY Change 30.65% 3.83% -3.99%
Gross Profit $334.6M $256.5M $198.7M
YoY Change 30.45% 9.9% 3.65%
Gross Profit Margin 35.31% 35.35% 32.18%
Selling, General & Admin $157.2M $142.5M $129.9M
YoY Change 10.32% 15.76% 10.46%
% of Gross Profit 46.98% 55.56% 65.37%
Research & Development $800.0K $900.0K $900.0K
YoY Change -11.11% -25.0% -50.0%
% of Gross Profit 0.24% 0.35% 0.45%
Depreciation & Amortization $66.40M $54.70M $66.40M
YoY Change 21.39% 3.99% 94.72%
% of Gross Profit 19.84% 21.33% 33.42%
Operating Expenses $158.0M $143.4M $129.9M
YoY Change 10.18% 15.37% 10.46%
Operating Profit $176.6M $113.1M $65.80M
YoY Change 56.15% 3.67% -9.24%
Interest Expense -$19.20M -$31.20M -$23.20M
YoY Change -38.46% 285.19% -42.43%
% of Operating Profit -10.87% -27.59% -35.26%
Other Income/Expense, Net $28.20M $13.10M $3.200M
YoY Change 115.27% 6450.0% -132.32%
Pretax Income $179.0M $79.80M $42.60M
YoY Change 124.31% -10.74% 30.28%
Income Tax $24.80M $8.700M $10.90M
% Of Pretax Income 13.85% 10.9% 25.59%
Net Earnings $154.2M $71.10M $31.70M
YoY Change 116.88% -14.03% 66.84%
Net Earnings / Revenue 16.27% 9.8% 5.13%
Basic Earnings Per Share $0.86 $0.45 $0.22
Diluted Earnings Per Share $0.85 $0.44 $0.22
COMMON SHARES
Basic Shares Outstanding 154.9M shares 145.7M shares 145.1M shares
Diluted Shares Outstanding 146.8M shares

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $953.0M $345.4M $227.9M
YoY Change 175.91% -15.8% -43.34%
Cash & Equivalents $953.0M $345.0M $227.9M
Short-Term Investments $0.00
Other Short-Term Assets $31.00M $23.60M $20.00M
YoY Change 31.36% 55.26% 19.76%
Inventory $324.0M $257.2M $247.0M
Prepaid Expenses $29.00M $18.70M $30.20M
Receivables $838.0M $693.1M $583.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.293B $1.396B $1.144B
YoY Change 64.28% 12.54% -5.82%
LONG-TERM ASSETS
Property, Plant & Equipment $1.901B $1.537B $1.302B
YoY Change 23.71% 20.94% 2.37%
Goodwill $2.471B $2.221B $1.409B
YoY Change 11.26% 58.96% -2.04%
Intangibles $889.0M $930.8M $554.4M
YoY Change -4.49% 70.82% -3.11%
Long-Term Investments
YoY Change
Other Assets $174.0M $61.20M $54.10M
YoY Change 184.31% 35.4% 76.8%
Total Long-Term Assets $5.484B $4.788B $3.349B
YoY Change 14.53% 45.5% 0.29%
TOTAL ASSETS
Total Short-Term Assets $2.293B $1.396B $1.144B
Total Long-Term Assets $5.484B $4.788B $3.349B
Total Assets $7.777B $6.184B $4.493B
YoY Change 25.76% 36.48% -1.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $321.0M $255.8M $202.3M
YoY Change 25.49% 33.16% 10.61%
Accrued Expenses $303.8M $174.7M $153.4M
YoY Change 73.9% -6.13% -8.64%
Deferred Revenue
YoY Change
Short-Term Debt $59.10M $0.00 $0.00
YoY Change
Long-Term Debt Due $13.80M $76.50M $70.30M
YoY Change -81.96% 6.4% -0.42%
Total Short-Term Liabilities $893.0M $670.7M $525.4M
YoY Change 33.14% 16.26% -5.76%
LONG-TERM LIABILITIES
Long-Term Debt $2.945B $2.883B $2.116B
YoY Change 2.16% 8.81% -21.81%
Other Long-Term Liabilities $204.0M $124.3M $69.50M
YoY Change 64.12% 130.19% 11.56%
Total Long-Term Liabilities $204.0M $124.3M $69.50M
YoY Change 64.12% 130.19% 11.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $893.0M $670.7M $525.4M
Total Long-Term Liabilities $204.0M $124.3M $69.50M
Total Liabilities $4.271B $3.896B $594.9M
YoY Change 9.63% 13.11% -4.02%
SHAREHOLDERS EQUITY
Retained Earnings -$535.0M -$723.4M -$790.7M
YoY Change -26.04% -17.05% -17.19%
Common Stock $3.818B $2.757B $2.739B
YoY Change 38.46% 20.76% 20.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.899B $1.682B $1.621B
YoY Change
Total Liabilities & Shareholders Equity $7.777B $6.184B $4.493B
YoY Change 25.76% 36.48% -1.34%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $154.2M $71.10M $31.70M
YoY Change 116.88% -14.03% 66.84%
Depreciation, Depletion And Amortization $66.40M $54.70M $66.40M
YoY Change 21.39% 3.99% 94.72%
Cash From Operating Activities $172.7M $87.90M $75.30M
YoY Change 96.47% -14.91% -20.9%
INVESTING ACTIVITIES
Capital Expenditures -$162.3M -$88.80M -$48.00M
YoY Change 82.77% 51.02% 37.93%
Acquisitions
YoY Change
Other Investing Activities -$400.0K -$1.164B -$900.0K
YoY Change -99.97%
Cash From Investing Activities -$162.7M -$1.253B -$48.90M
YoY Change -87.01% 2030.44% 40.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 331.0M 1.284B -8.700M
YoY Change -74.22% -23443.64% 11.54%
NET CHANGE
Cash From Operating Activities 172.7M 87.90M 75.30M
Cash From Investing Activities -162.7M -1.253B -48.90M
Cash From Financing Activities 331.0M 1.284B -8.700M
Net Change In Cash 341.0M 119.1M 17.70M
YoY Change 186.31% 205.38% -66.35%
FREE CASH FLOW
Cash From Operating Activities $172.7M $87.90M $75.30M
Capital Expenditures -$162.3M -$88.80M -$48.00M
Free Cash Flow $335.0M $176.7M $123.3M
YoY Change 89.59% 9.01% -5.15%

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CY2018 us-gaap Stock Issued During Period Value New Issues
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277800000 USD
CY2018 us-gaap Stock Issued During Period Value Stock Options Exercised
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0 USD
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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27200000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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13700000 USD
CY2018 us-gaap Net Income Loss
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83600000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-11700000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1086700000 USD
CY2019 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
445500000 USD
CY2019 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
100000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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33300000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14600000 USD
CY2019 ctlt Equity Issued In Lieu Of Cash Consideration
EquityIssuedInLieuOfCashConsideration
-10000000.0 USD
CY2019 us-gaap Dividends Preferred Stock
DividendsPreferredStock
3800000 USD
CY2019 us-gaap Net Income Loss
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137400000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
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-28100000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1681600000 USD
CY2020 us-gaap Stock Issued During Period Value New Issues
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1041700000 USD
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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48100000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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31800000 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
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150900000 USD
CY2019 us-gaap Increase Decrease In Accounts Receivable
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118900000 USD
CY2020 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Employee Stock Purchase Program Requisite Service Period Recognition
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3500000 USD
CY2020 us-gaap Dividends Preferred Stock
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32500000 USD
CY2020 us-gaap Net Income Loss
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220700000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
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-32400000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2898800000 USD
CY2020 us-gaap Profit Loss
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220700000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
137400000 USD
CY2018 us-gaap Profit Loss
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83600000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
253700000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
228600000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
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190100000 USD
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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-1800000 USD
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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500000 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2700000 USD
CY2020 ctlt Amortization And Write Off Of Financing Costs
AmortizationAndWriteOffOfFinancingCosts
12400000 USD
CY2019 ctlt Amortization And Write Off Of Financing Costs
AmortizationAndWriteOffOfFinancingCosts
14200000 USD
CY2018 us-gaap Increase Decrease In Accounts Receivable
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33600000 USD
CY2019 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-5100000 USD
CY2018 ctlt Amortization And Write Off Of Financing Costs
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4700000 USD
CY2020 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-5500000 USD
CY2018 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-8700000 USD
CY2020 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
10000000.0 USD
CY2019 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
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5400000 USD
CY2018 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
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11800000 USD
CY2020 us-gaap Derivative Gain Loss On Derivative Net
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3200000 USD
CY2019 us-gaap Derivative Gain Loss On Derivative Net
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12900000 USD
CY2018 us-gaap Derivative Gain Loss On Derivative Net
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0 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
48100000 USD
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
33300000 USD
CY2018 us-gaap Share Based Compensation
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27200000 USD
CY2020 us-gaap Increase Decrease In Deferred Income Taxes
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-2400000 USD
CY2019 us-gaap Increase Decrease In Deferred Income Taxes
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15100000 USD
CY2018 us-gaap Increase Decrease In Deferred Income Taxes
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-35400000 USD
CY2020 ctlt Provision For Bad Debts And Inventory
ProvisionForBadDebtsAndInventory
10200000 USD
CY2019 ctlt Provision For Bad Debts And Inventory
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12500000 USD
CY2018 ctlt Provision For Bad Debts And Inventory
ProvisionForBadDebtsAndInventory
6900000 USD
CY2020 us-gaap Increase Decrease In Inventories
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76400000 USD
CY2019 us-gaap Increase Decrease In Inventories
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34000000.0 USD
CY2018 us-gaap Increase Decrease In Inventories
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1800000 USD
CY2020 us-gaap Increase Decrease In Accounts Payable
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72200000 USD
CY2019 us-gaap Increase Decrease In Accounts Payable
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36200000 USD
CY2018 us-gaap Increase Decrease In Accounts Payable
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32300000 USD
CY2020 us-gaap Increase Decrease In Other Operating Capital Net
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-33800000 USD
CY2019 us-gaap Increase Decrease In Other Operating Capital Net
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43600000 USD
CY2018 us-gaap Increase Decrease In Other Operating Capital Net
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-11900000 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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440300000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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247700000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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374500000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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465800000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
218100000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
176500000 USD
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
500000 USD
CY2018 us-gaap Proceeds From Sale Of Property Plant And Equipment
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1800000 USD
CY2020 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
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20800000 USD
CY2019 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
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0 USD
CY2018 us-gaap Proceeds From Divestiture Of Interest In Consolidated Subsidiaries
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3400000 USD
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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379700000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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1291000000.0 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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748000000 USD
CY2020 us-gaap Payments To Acquire Investments
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2800000 USD
CY2019 us-gaap Payments To Acquire Investments
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1800000 USD
CY2018 us-gaap Payments To Acquire Investments
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0 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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-827500000 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
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-1510400000 USD
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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-919300000 USD
CY2020 us-gaap Proceeds From Repayments Of Short Term Debt
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-49500000 USD
CY2019 us-gaap Proceeds From Repayments Of Short Term Debt
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-8400000 USD
CY2018 us-gaap Proceeds From Repayments Of Short Term Debt
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-3100000 USD
CY2020 us-gaap Proceeds From Issuance Of Debt
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909100000 USD
CY2019 us-gaap Proceeds From Issuance Of Debt
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1447600000 USD
CY2018 us-gaap Proceeds From Issuance Of Debt
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442600000 USD
CY2020 us-gaap Repayments Of Long Term Debt
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811300000 USD
CY2019 us-gaap Repayments Of Long Term Debt
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1290300000 USD
CY2018 us-gaap Repayments Of Long Term Debt
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18900000 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
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25100000 USD
CY2019 us-gaap Payments Of Debt Issuance Costs
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24700000 USD
CY2018 us-gaap Payments Of Debt Issuance Costs
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15600000 USD
CY2020 us-gaap Dividends And Interest Paid
DividendsAndInterestPaid
36200000 USD
CY2019 us-gaap Dividends And Interest Paid
DividendsAndInterestPaid
0 USD
CY2018 us-gaap Dividends And Interest Paid
DividendsAndInterestPaid
0 USD
CY2020 us-gaap Proceeds From Issuance Of Common Stock
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1046500000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
445500000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Stock
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277800000 USD
CY2020 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
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0 USD
CY2019 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
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646300000 USD
CY2018 us-gaap Proceeds From Issuance Of Redeemable Preferred Stock
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0 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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1201400000 USD
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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31800000 USD
CY2019 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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14600000 USD
CY2018 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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13700000 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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1001700000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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669100000 USD
CY2020 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-6700000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-3500000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-2400000 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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607800000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-64800000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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121900000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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345400000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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410200000 USD
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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288300000 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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953200000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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345400000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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410200000 USD
CY2020 us-gaap Interest Paid Net
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98400000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
102500000 USD
CY2018 us-gaap Interest Paid Net
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83200000 USD
CY2020 us-gaap Income Taxes Paid Net
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43400000 USD
CY2019 us-gaap Income Taxes Paid Net
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42200000 USD
CY2018 us-gaap Income Taxes Paid Net
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23900000 USD
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2014Q3 us-gaap Stock Issued During Period Shares New Issues
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48900000 shares
CY2014Q3 us-gaap Shares Issued Price Per Share
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20.50
CY2020Q2 ctlt Numberof Doses
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73000000000 Doses
CY2020Q2 ctlt Numberof Customers
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7000 customer
CY2020 us-gaap Use Of Estimates
UseOfEstimates
Use of EstimatesThe preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect amounts reported in the financial statements and accompanying notes. Such estimates include, but are not limited to, allowance for doubtful accounts, inventory and long-lived asset valuation, goodwill and other intangible asset valuation and impairment, equity-based compensation, income taxes, derivative valuation, and pension plan asset and liability valuation. Actual amounts may differ from these estimated amounts.
CY2020 us-gaap Reclassifications
Reclassifications
Reclassification<span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Certain prior-period amounts were reclassified to conform to the current period presentation. Contract assets previously presented in trade receivables, net are now presented in prepaid expenses and other, which amounts are further detailed in Note 19, </span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Supplemental Balance Sheet Information</span>.
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Concentrations of Credit Risk and Major Customers </span></div><div style="text-indent:24pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Concentration of credit risk, with respect to accounts receivable, is limited due to the large number of customers and their dispersion across different geographic areas. The customers are primarily concentrated in the pharmaceutical and healthcare industry. The Company normally does not require collateral or any other security to support credit sales. The Company performs ongoing credit evaluations of its customers’ financial conditions and maintains reserves for credit losses. Such losses historically have been within the Company’s expectations. No single customer exceeded 10% of revenue during the fiscal years ended 2020, 2019, and 2018 or 10% of accounts receivable as of the fiscal years ended 2020 and 2019.</span></div>
CY2020 us-gaap Depreciation
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164900000 USD
CY2019 us-gaap Depreciation
Depreciation
140400000 USD
CY2018 us-gaap Depreciation
Depreciation
127500000 USD
CY2020 us-gaap Interest Costs Capitalized
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11200000 USD
CY2020 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-5500000 USD
CY2019 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
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-5100000 USD
CY2018 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-8700000 USD
CY2020 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="text-indent:24pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Derivative Instruments and Hedging Activities</span></div><div style="text-indent:24pt;margin-top:9pt;"><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest-rate, liquidity, and credit risk primarily by managing the amount, sources and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and its known or expected cash payments principally related to the Company’s borrowings. The Company does not net any of its derivative positions under master netting arrangements. </span></div><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Specifically, the Company is exposed to fluctuations in the euro-U.S. dollar exchange rate on its investments in foreign operations in Europe. While the Company does not actively hedge against changes in foreign currency, it has mitigated the exposure of investments in its European operations through a net-investment hedge by denominating a portion of its debt in euros. In addition, a portion of Operating Company's interest payment obligation on its U.S dollar-denominated term loans is exposed to interest rate variability. The Company has mitigated its exposure to this risk by entering into an interest-rate swap agreement, which qualifies for and is designated as a cash-flow hedge. Also, as discussed in Note 9, </span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Derivative Instruments and Hedging Activities</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">, the Company has determined that an aspect of the dividend-rate adjustment feature of the Company’s convertible Series A Preferred Stock (as defined below, see Note 13, </span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;">Redeemable Preferred Stock—Series A Preferred</span>) should be accounted for as a derivative liability.
CY2018 us-gaap Business Acquisitions Pro Forma Revenue
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2535100000 USD
CY2019 us-gaap Business Acquisitions Pro Forma Net Income Loss
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116000000.0 USD
CY2019Q3 us-gaap Operating Lease Liability
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49300000 USD
CY2020 ctlt Segment Reporting Information Inter Segment Revenue Elimination
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-10200000 USD
CY2020 us-gaap Revenues
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3094300000 USD
CY2019 ctlt Segment Reporting Information Inter Segment Revenue Elimination
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-13600000 USD
CY2019 us-gaap Revenues
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2518000000.0 USD
CY2020 ctlt Eliminationofrevenueattributabletomultiplelocations
Eliminationofrevenueattributabletomultiplelocations
-79800000 USD
CY2019 ctlt Eliminationofrevenueattributabletomultiplelocations
Eliminationofrevenueattributabletomultiplelocations
-75200000 USD
CY2020 us-gaap Revenues
Revenues
3094300000 USD
CY2019 us-gaap Revenues
Revenues
2518000000.0 USD
CY2019Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
177400000 USD
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
218400000 USD
CY2020 us-gaap Contract With Customer Liability Revenue Recognized
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139000000.0 USD
CY2020 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
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7600000 USD
CY2020 us-gaap Contract With Customer Asset Purchase
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61400000 USD
CY2019 us-gaap Contract With Customer Asset Purchase
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23300000 USD
CY2019 us-gaap Business Acquisitions Pro Forma Revenue
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2638800000 USD
CY2018 us-gaap Business Acquisitions Pro Forma Net Income Loss
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28000000.0 USD
CY2018Q2 us-gaap Goodwill
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1397200000 USD
CY2019 us-gaap Goodwill Acquired During Period
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840600000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-16900000 USD
CY2019Q2 us-gaap Goodwill
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2220900000 USD
CY2020 us-gaap Goodwill Acquired During Period
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263600000 USD
CY2020 us-gaap Goodwill Transfers
GoodwillTransfers
0 USD
CY2020 us-gaap Goodwill Other Increase Decrease
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3000000.0 USD
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
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-16900000 USD
CY2020Q2 us-gaap Goodwill
Goodwill
2470600000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
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1441700000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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553000000.0 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
888700000 USD
CY2019 ctlt Accelerated Amortization Of Intangible Assets
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12300000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Gross
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1434100000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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503300000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
930800000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
88800000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
88200000 USD
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
62600000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
91000000.0 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
90100000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
89500000 USD
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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88900000 USD
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20600000 USD
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62500000 USD
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36100000 USD
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152000000.0 USD
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3400000 USD
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4900000 USD
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2700000 USD
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1300000 USD
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47500000 USD
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3000000.0 USD
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100000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
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1300000 USD
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3800000 USD
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0 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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700000 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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0 USD
CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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0 USD
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100000 USD
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4400000 USD
CY2020Q2 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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1200000 USD
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1400000 USD
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2000000.0 USD
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1700000 USD
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1000000000 shares
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100000000 shares
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7700000 shares
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70.72
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200000000.0 USD
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1200000
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8400000 shares
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58.58
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494200000 USD
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40.24
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500000 shares
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0 USD
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15300000 USD
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2700000 USD
CY2019 us-gaap Translation Adjustment For Net Investment Hedge Net Of Tax Period Increase Decrease
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12200000 USD
CY2018 us-gaap Translation Adjustment For Net Investment Hedge Net Of Tax Period Increase Decrease
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CY2019 us-gaap Adjustment For Long Term Intercompany Transactions Net Of Tax
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CY2018 us-gaap Adjustment For Long Term Intercompany Transactions Net Of Tax
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9300000 USD
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CY2019 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
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CY2018 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
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CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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300000 USD
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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2200000 USD
CY2018 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2019 us-gaap Cumulative Translation Adjustment Net Of Tax Period Increase Decrease
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CY2018 us-gaap Cumulative Translation Adjustment Net Of Tax Period Increase Decrease
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CY2019 ctlt Other Comprehensive Income Loss Derivative And Hedge Gain Loss Arising During Period Before Tax
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0 USD
CY2018 ctlt Other Comprehensive Income Loss Derivative And Hedge Gain Loss Arising During Period Before Tax
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0 USD
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0 USD
CY2019 ctlt Derivative Other Comprehensive Income Loss Net Gain Loss Before Tax
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0 USD
CY2018 ctlt Derivative Other Comprehensive Income Loss Net Gain Loss Before Tax
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0 USD
CY2020 ctlt Other Comprehensive Income Loss Derivatives And Hedges Foreign Exchange Translation And Other Adjustments
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0 USD
CY2019 ctlt Other Comprehensive Income Loss Derivatives And Hedges Foreign Exchange Translation And Other Adjustments
OtherComprehensiveIncomeLossDerivativesAndHedgesForeignExchangeTranslationAndOtherAdjustments
0 USD
CY2018 ctlt Other Comprehensive Income Loss Derivatives And Hedges Foreign Exchange Translation And Other Adjustments
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0 USD
CY2019 ctlt Other Comprehensive Income Loss Derivative And Hedge Total Before Tax
OtherComprehensiveIncomeLossDerivativeAndHedgeTotalBeforeTax
0 USD
CY2018 ctlt Other Comprehensive Income Loss Derivative And Hedge Total Before Tax
OtherComprehensiveIncomeLossDerivativeAndHedgeTotalBeforeTax
0 USD
CY2020 ctlt Other Comprehensive Income Loss Derivative And Hedge After Reclassification Adjustment Tax
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CY2020 ctlt Other Comprehensive Income Loss Derivative And Hedge Total Before Tax
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CY2018 ctlt Other Comprehensive Income Loss Derivative And Hedge After Reclassification Adjustment Tax
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0 USD
CY2018 ctlt Other Comprehensive Income Loss Derivative And Hedge After Reclassification Adjustment Tax
OtherComprehensiveIncomeLossDerivativeAndHedgeAfterReclassificationAdjustmentTax
0 USD
CY2020 ctlt Oci Debt Securities Derivative And Hedge Gain Loss After Adjustment And Tax
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CY2019 ctlt Oci Debt Securities Derivative And Hedge Gain Loss After Adjustment And Tax
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0 USD
CY2018 ctlt Oci Debt Securities Derivative And Hedge Gain Loss After Adjustment And Tax
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CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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1200000 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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16000000.0 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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CY2020 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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CY2019 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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0 USD
CY2018 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
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0 USD
CY2020 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
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CY2019 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
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CY2018 us-gaap Defined Benefit Plan Amounts Recognized In Other Comprehensive Income Loss Net Gain Loss Before Tax
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CY2020 ctlt Other Comprehensive Income Loss Pensionand Other Postretirement Benefit Plans Foreign Exchange Translationand Other Adjustments
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CY2019 ctlt Other Comprehensive Income Loss Pensionand Other Postretirement Benefit Plans Foreign Exchange Translationand Other Adjustments
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600000 USD
CY2018 ctlt Other Comprehensive Income Loss Pensionand Other Postretirement Benefit Plans Foreign Exchange Translationand Other Adjustments
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CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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13000000.0 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
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CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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3500000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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9500000 USD
CY2018 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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0 USD
CY2019 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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0 USD
CY2018 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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CY2019 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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0 USD
CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
0 USD
CY2020 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
0 USD
CY2019 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
0 USD
CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
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0 USD
CY2020 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
0 USD
CY2019 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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0 USD
CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
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CY2020 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
0 USD
CY2019 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
0 USD
CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
4600000 USD
CY2020 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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0 USD
CY2019 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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0 USD
CY2018 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2020Q2 us-gaap Preferred Stock Shares Issued
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39700000 USD
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15600000 shares
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CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
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33300000 USD
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
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27200000 USD
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CY2019Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
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9.49
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
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10.39
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30.55
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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54.97
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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24.37
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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39.07
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
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32.47
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35.53
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CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
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23.23
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
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166000 shares
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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17900000 USD
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4300000 USD
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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21000000.0 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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3600000 USD
CY2020Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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2500000 USD
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P1Y10M24D
CY2020 ctlt Weighted Average Grant Date Fair Value Of Restricted Stock Unit
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42800000 USD
CY2019 ctlt Weighted Average Grant Date Fair Value Of Restricted Stock Unit
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47600000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
748000 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1066000 shares
CY2020 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
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CY2019 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
15800000 USD
CY2018 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
11800000 USD
CY2020 us-gaap Foreign Currency Transaction Gain Loss Unrealized
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3000000.0 USD
CY2019 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
500000 USD
CY2018 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
4600000 USD
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5400000 USD
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
12600000 USD
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1700000 USD
CY2020 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-7900000 USD
CY2019 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2018 ctlt Segment Reporting Information Unallocated Expense
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138800000 USD
CY2018 us-gaap Nonoperating Income Expense
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-5500000 USD
CY2019 ctlt Segment Reporting Information Unallocated Expense
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142900000 USD
CY2020 us-gaap Write Off Of Deferred Debt Issuance Cost
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6000000.0 USD
CY2020 us-gaap Early Repayment Of Senior Debt
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10000000.0 USD
CY2019 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
15800000 USD
CY2018 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
11800000 USD
CY2019 us-gaap Debt Instrument Unused Borrowing Capacity Fee
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6100000 USD
CY2020 us-gaap Derivative Gain Loss On Derivative Net
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